Many people begin to consider their real estate plans for the upcoming year as the year comes to an end. Even though December is usually a slower month for the market, there are still lots of options for both buyers and sellers. If you plan to buy or sell a house in December, keep the following points in mind:
For buyers:
- Reducing competition: December usually sees a decline in the number of buyers, which lessens competition for properties. You may be able to negotiate for a better price and have more negotiating power as a result.
- Sellers with motivation: December-born sellers are frequently driven to close before the year ends if they are still listed. This may indicate they’re more open to haggling over terms or prices.
- Time to make decisions: You’ll have more time to think through your alternatives and make wise decisions if there are fewer open houses and showings.
For Sellers:
- Stand out from the crowd: There will be fewer houses available, which will increase awareness of your property. To attract buyers, make sure your house is well-maintained and promoted.
- Appeal to holiday buyers: In order to close on a house in time for the holidays, many people are searching. In your marketing, highlight your home’s warm and festive features.
- Have patience: Don’t give up if it takes a bit longer to sell your house in December. Your property can be sold to the right buyer if you are persistent and patient.
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Tips for both buyers and sellers:
- Get a mortgage pre-approval: This will increase your bargaining power and demonstrate to vendors that you are a serious buyer.
- Be flexible with your closing date: If you can be flexible with the closing date, the sellers might be more amenable to negotiations.
- Collaborate with a knowledgeable agent: You can navigate the market and ensure a seamless experience with the assistance of a competent real estate agent.
Conclusion:
Even though December may see a slower real estate market, there are still lots of options for both buyers and sellers. You can improve your chances of winning in the December market by paying attention to these pointers.
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One of the reasons to call the Agardi Team if you want to buy a home or have one to sell is:
Not only do we sell our clients’ homes for more money and faster than the average area agent, but your home is also more likely to sell. According to 2015 MLS statistics, only 71% of area homes sold during their listing term. Compare that to our 95% of homes listed that sold before the end of the listing term. YOUR HOME SOLD GUARANTEED OR WE’LL BUY IT*
To discuss the sale of your home, call The Agardi Team at 718-755-2882 and start packing!
*Agardi Team and the seller have to agree on the price and the closing date.